OppZo provides AI-enabled lending and payment solutions specifically for small and medium-sized government contractors, transforming fixed-prime government contracts into affordable working capital. By offering term loans and lines of credit without personal guarantees, OppZo addresses the challenge of accessing timely financing for businesses reliant on government contracts.
Funding
$262.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EMFounders
Product
Problem
Small and medium-sized government contractors often face challenges in accessing timely and affordable working capital due to the nature of fixed-prime government contracts. Traditional lending institutions may be hesitant to provide financing without personal guarantees, hindering the ability of these businesses to execute contracts efficiently.
Solution
OppZo provides AI-enabled lending and payment solutions designed specifically for small and medium-sized government contractors, transforming fixed-prime government contracts into accessible working capital. OppZo offers term loans and lines of credit, enabling SMB GovCons to secure funding without requiring personal guarantees. The platform leverages AI to assess risk and streamline the lending process, providing faster access to capital. This allows contractors to execute contracts with greater confidence and speed, improving their ability to manage cash flow and pursue new opportunities. OppZo's solutions are designed to integrate seamlessly with government contract payment cycles, ensuring timely repayment and reducing administrative burdens.
Target Audience
The primary target audience consists of small and medium-sized businesses that are government contractors, specifically those working on fixed-prime contracts who need working capital to execute their contracts.
Features
- Term loans ranging from $100,000 to over $1,000,000, representing up to 20% of un-billed contract value, suitable for gap financing and mobilization capital.
- Lines of credit from $100,000 to over $1,000,000, with advance rates up to 90% and funds potentially available on Day 1 of the contract.
- AI-driven risk assessment for faster pre-qualification and loan processing.
- No personal guarantees required, reducing the risk for borrowers.
- Affordable low rates tailored to the risk profile of the contract and the company.
- Customizable line of credit product to meet specific working capital needs.